Very unusual India oil mills just cancelled some huge palm oil orders from Malaysia due to high RM.

But CPO price in RM still holding strong.

Derivatives
Night & Day Session
Night Session
NO NAME MONTH LAST DONE CHANGE VOL (`00) OI
1 FCPO Dec 2024 4,043.0000 +55.0000 9,827 91,245
2 FKLI Sep 2024 1,670.0000 +2.5000 5,445 46,320
3 FKLI Oct 2024 1,673.5000 +3.0000 4,195 15,176
4 FCPO Jan 2025 4,010.0000 +52.0000 2,209 33,462
5 FCPO Feb 2025 3,980.0000 +46.0000 1,483 18,283
6 FCPO Nov 2024 4,079.0000 +56.0000 1,412 46,577
7 FCPO Mar 2025 3,950.0000 +45.0000 1,357 25,121
8 FCPO Oct 2024 4,123.0000 +49.0000 91 11,446
9 FKLI Dec 2024 1,678.0000 +3.0000 70 904
10 FGLD Sep 2024 2,640.0000 +7.3000

I have no idea.
I only know this year Indonesia CPO production will be down by 5-10%.
Will CPO price hold above RM 3,900 is still unknow as RM stengthening is no good for export oriented palm oil industries.

For Jayatiasa I expect improved dividend due to improved operating cash flow.

If only Mike-tikus had listen to me and bought jayatiasa at 1.03 he would had earned the dividend of 3.5 sen and still enjoy a book gain of 5-6 sen.

By the way the next quarter will have more than 10% foreign exchange loss on JV asset.

Everyone know every year come Q4 big impairment losses of trade and other receivables.
Only Mike-tikus did not know and chase jaks from 0.18 to 0.24.

Beside Inari, Insas still have properties, cash, FD, M&A, Ahlong Insas credit & leasing and financial assets at fair value total worth a few billions.

The whole deal is to bailout capA from PN17 so that stony can have the cake and eat it too.

What had happen to below proposal?

PROPOSED BUSINESS COMBINATION AMONG THE COMPANY, AETHERIUM ACQUISITION CORP (“GMFI”), CAPITAL A INTERNATIONAL (“CAPI”), AETHER MERGER SUB INC. (“MERGER SUBSIDIARY”) AND BRAND AA SDN BHD (“BRAND AA”);

Mode of settlement of the Transaction Consideration
The Transaction Consideration will be satisfied via a combination of the following:
(a) the issuance of USD1 billion of new ordinary shares of CAPI (“CAPI Shares”) (“Consideration Shares”) to the Company;
(b) the assumption of a term loan of USD150 million (equivalent to approximately RM710 million) provided by Lender A (“Loan”) to be novated from Asia Aviation Capital Limited (Labuan) (“AACL”), an indirect wholly-owned subsidiary of the Company and the original borrower of the Loan, to Brand AA (“Loan Novation”). Capital A is in the midst of obtaining the approval from the facility agent of the Loan for the Loan Novation.

Atheists will die for his family and aim to leave behind a better world for his children and children children ..... to build a better tomorrow.

Only those believe that everything is predetermined by all knowing mighty god will be caught in the vicious cycle of poverty and endless war.

If you forced/mandatory a Chinese or Indian temple eating place serving vegetarian food to apply for halal certification will that make Malaysia a laughing stock in the eyes of international press.

A mandatory halal certification for non pork and non alcohol for eating place is considered as islamic matter?

Know how many vegetarian eating places we have in Malaysia and why forced them to to be certified Halal?

Or you also want all the pasar malam traders applied for halal certification?

Jaks shareholders' equity is positive but non-contolling interest is negative
CapA both shareholders' equity and non-contolling interest is negative
Insas both shareholders' equity and non-contolling interest is positive.

Now go and do your addition and subtraction
Total equity = Shareholders' Equity + Non-controlling interests = Total Assets – Total Liabilities

Sslee Jaks as at 30/6/2024
RM'000
Total Assets 2,389,002
Total liabilities 931,250

Shareholders' equity1,528,748
Non-controlling interests (70,996)
TOTAL EQUITY 1,457,752

Is Mike-tikus trying to prove he can't do addition and subtraction?

Is he so dumbass and cannot understsnd:
Total equity = Shareholders' Equity + Non-controlling interests = Total Assets – Total Liabilities

What is Mike-tikus trying to say on total equity of Insas and jaks or capA??????

Didn't once upon a time Mike-tikus said his TA told him jaks 18 th floor is the bottom floor and he chase it up to 24 th floor then suddenly jaks collapse to 12 th floor.

And LOL he did not average down his jaks at 12 but go and buy Priva.

Do you mean TTB can't even doubling icapital every 7 years?
Then why TTB called himself Warren Buffett of Malaysia?

As long as you have an internet then the quest for knowledge is in your hand. The best teacher is in the internet.

The real threat is from the Pseudo Malay and Muslim convert that try to prove they are more Malay and Muslim than the Malays and Muslim themselves

He is nothing but a poorly educated small boy. Period.

By the way
Total equity = Shareholders' Equity + Non-controlling interests = Total Assets – Total Liabilities

TradingFUN Shareholders' Equity = Total Assets – Total Liabilities
23/09/2024 11:08 PM

As at 30/6/2024
CapitalA
RM'000
Non current assets 26,053,575
Current assets 2,319,481
Non current liabilities 23,819,165
Current liabilities 15,798,326
Net current liabilities (13,478,846)
Total equity (11,244,436)
NTA RM (2.12)

What will be the total equity if you take out the Intangible assets/goodwill and Deferred tax assets?

Note:
Current lease liabilities 5,510,697
Current trade and other payables 4,725,450
Non current assets
Intangible assets/goodwill 4,484,509
Deferred tax assets 1,387,458

By the way AAX still need another 1 billion of PP cash call to further strengthening its balance sheet.

Only in Malaysia a PN17 company with
Shareholders' Equity = Total Assets – Total Liabilities of negative RM 8.8 billion and had to roll over its current lease liabilities, borrowing and working capital with innovative revenue bonds so that capA can live another year to fight another day is worth:

CapitalA
Market Cap: 3,962 Million
NOSH: 4,307 Million
Avg Volume (4 weeks): 11,921,715
4 Weeks Range: 0.72 - 0.93
52 Weeks Range: 0.64 - 1.02

Two leading private credit funds, Ares Management Corp and Indies Capital Partners, will provide $200 million of the funding, which will be strategically utilised to reactivate aircraft that were grounded during the pandemic. The remaining $243 million tranche, subscribed by sting aircraft lessors will be used to refinance existing lease liabilities, further strengthening its balance sheet.

When capital recalibrate AAV from associate to subsidiary and bought over PAA the non current assets is boost up by goodwill on consolidation.

So when AAX bought over AAAGL and AAB with negative Shareholders' Equity = Total Assets – Total Liabilities of negative RM 8.8 billion

AAX non current assets can be boost up with more than 8.8 billion in goodwill and thus AAX equity will be positive.

The problem is after one year AAX need to impair how many hundrends million on goodwill and can AAX not default on payment obligation of multi billion current liabilities?


Note: capA last financial year impaired goodwill of RM 161 million.

So maybe need to sell another 10 milliion inari shares in order to report a profitable quarter.

Insas already sold 1,000,000 inari share in this quarter and more to come in order to get a good quarter end 30/9/2024 result.

Name
Details of Changes
View
Date
Type
No. of Shares
Price
INSAS BERHAD 16-Jul-2024 Disposed 500,000 0.000
INSAS BERHAD 03-Jul-2024 Disposed 500,000 0.000

Nothing last, the Earth will one day return back to it original state and life cycle will began again.

Will AAX after acquisition of AAAGL and AAB suffered the same fate again of debts restructure, capital reduction and 10 to 1 share consolidation?

Repost;
Where will all capA total negative equity go to if not AAX?

Chief executive officer Tan Sri Tony Fernandes said the pro forma effects of the proposed disposal based on the financial statement as of Dec 31, 2023, as included in the circular to shareholders dated Sept 20, 2024, shows that Capital A shareholders’ equity will turn to positive of RM649 million from a negative of RM8.8 billion.

Where will all capA total negative equity go to if not AAX?

Chief executive officer Tan Sri Tony Fernandes said the pro forma effects of the proposed disposal based on the financial statement as of Dec 31, 2023, as included in the circular to shareholders dated Sept 20, 2024, shows that Capital A shareholders’ equity will turn to positive of RM649 million from a negative of RM8.8 billion.

Stony is throwing AAX under the bus.

The disposal of AAAGL and AAB to AAX is to save capA.

AAX will be loaded with net liabilities and need to do another debts restructure, capital reduction and 10 to 1 share consolidation.

Can you disband race base political parties?

Malaysia had long ago institutionalized racialism and ketuanan.

How to undo something that had long been institutionalized?

The only hope Malaysians can hope for is for Sarawakians, Sabahans, Johoreons and Selangoreons to hold the middle ground so that Malaysia will not fall to PAS.

Did someone just said only Aviation is still lose making?
Then why is he promoting capA even before the plan disposal of AAAGL and AAB to AAX?

Posted by The_JQuestion > Sep 22, 2024 11:57 AM | Report Abuse
ss lee u see the profiting companies of cap A , only Aviation group is not profiting ....

By the way bigpay is still lose making
BigPay
● Revenue reaching RM9.8 million and an EBITDA loss narrowing 25% to RM18.8 million

I may be wrong on how many plots of land jaks hold in Penang mainland but jaks is selling 13 plots and why a simple land disposal expected to be completed by 3rd quarter of 2025. A year time?

(i) SPA with PASB for disposal of four (4) pieces of freehold lands for purchase price of
RM35,939,726.12 (“SPA 1”); and
(ii) SPA with SSB for disposal of nine (9) pieces of freehold lands for purchase price of
RM41,804,507.59 (“SPA 2”)

Estimated Time Frame for the Completion
The Proposed Disposal is expected to be completed by 3rd quarter of 2025

I do read EngineeringProfit long long articles and I think you can compile his long long articles into a book.

Sometime I wonder can a human write like EngineeringProfit or is this the work of AI?

What else do you or can you expect from PAS?
PAS beleive you do not need to work hard or don't work at all when money can just fall out from the sky.

All the above performance figures are real. No scams. Yet, how many will go for doubling your money in a month as opposed to doubling within 5 to 8 years ?

If TTB can doubling within 7 years then icapital inception in 2005 if you invest 1,000 in 2005 then your investment should became RM 2,000 in year 2012, RM 4,000 in year 2019 and RM 8,000 in year 2026.

So can I reasonably expect icapital 8X by year 2026?

If the above feel good/rich story applied to majority of clients account managed by Capital Dynamics Asset Management Sdn Bhd (CDAM) then by now TTB should be one of the richest man in Malaysia if not the world like Warren Buffett.

Tiong King Sing
Minister of Tourism, Arts and Culture (Malaysia) is better than all the MCA and DAP man.

The third block had to come from East Malaysia (Sarawak and Sabah).
I can only hope one day people like EngineeringProfit will become our PM and Ministers

You can call it crack spread or refining margin.
Your refined products sell price minus your purchased crude oil price.

Posted by speakup > Sep 22, 2024 8:54 AM | Report Abuse
what is crack spread? sound very dirty

To further save his skin, he is now on his way to dump AAAGL and AAB to AAX.

Is the future of capA secured?

Stony refuse to stand as gurantor and had to come up with innovative revenue bond where revenue from selected flight route will be bank into special account for interest payment and redemption of revenue bonds.

Bankers already knew Stony and Kamar are super rich even if CapA went the other way hence Bankers want Stony as gurantor.

Make halal certification by Jakim mandatory for the world then Jakim will be cash rich.